Sobha's sale bookings fall 29% annually in Oct-Dec, rise 18% sequentially

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Sobha's sale bookings fall 29% annually in Oct-Dec, rise 18% sequentially - Business Standard

Quick Summary:

Real estate developer Sobha Ltd's sale bookings fell 29 per cent to Rs 1,388.6 crore in the quarter ended December mainly due to lesser new supply and high base effect.

During April-December period of 2024-25 fiscal, the Sobha Ltd's sale bookings declined to Rs 4,440.8 crore from Rs 5,140.1 crore in the corresponding period of the preceding financial year.

Sale bookings or pre-sale, however, increased during October-December period from the previous quarter at Rs 1,178.5 crore, according to a regulatory filing.